DJ Envy and Cesar Piña accused of real estate fraud and scamming - FBI ARRESTS CESAR PĨNA FOR WIRE FRAUD
- Thread starter ☑︎#VoteDemocrat
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Lol
Envy only went to him to recruit him.
Joe doesn’t even own a house
Caesar told him to use OPM (Google it), that’s when you reach out to people with more capital than you. Him reaching out to budden should tell you a lot about Budden’s bread
resurrected big pun and got him sent to prison
Brolic
High Value Poster
That’s not happening. A man with credentials is probably a square man with a college education who will tell them money doesn’t come overnight.
The EYL audience wants to see a flashy black man with a questionable past who has 100k+ IG followers, and can promise a 20%+ ROI in a couple months.
Envy is just an idiot. OPM means lenders such as banks. It doesn’t mean asking people you know who have some money to give it to you.
Joe Budden isn’t a person I would look to ask to invest in a real estate project. As others have mentioned, he doesn’t own a home and has no track record of investing anything. Just having cash doesn’t make someone a good investor. What it does make is a good candidate for a Ponzi scheme.
OPM is typically getting loans from hard money lenders so in case your investment doesn’t work, it’s not your personal funds, it’s the bank’s.
OPM in the exact sense Envy and Cesar described it, is a Ponzi scheme. Taking Peter’s money to pay Paul.
If Envy really thought Cesar had a portfolio of $50 million from using everyday people’s money to buy and flip properties, he deserves to be held responsible for being that stupid.
This isn’t 1924 with two white guys opening up a hamburger stand with some cash from their uncle and turned into a billion dollar franchise
He’s stupid for even thinking a man who looks and acts like Cesar owned “3000 doors”.
I refuse to believe a grown man with a Hampton degree is THAT dumb. Envy caught wind of the scheme, realized he had money tied up and that he could get paid out first, which is why he got into promoting courses and pitching to his friends.
This isn’t 1924 with two white guys opening up a hamburger stand with some cash from their uncle and turned into a billion dollar franchise
He’s stupid for even thinking a man who looks and acts like Cesar owned “3000 doors”.
I refuse to believe a grown man with a Hampton degree is THAT dumb. Envy caught wind of the scheme, realized he had money tied up and that he could get paid out first, which is why he got into promoting courses and pitching to his friends.
General Mills
More often than not I tend to take that L.
Exactly. At the minimum he should be held liable for not doing his due diligence and checking his business partners background before putting his name beside his and using his name to recruit big money clients.If Envy really thought Cesar had a portfolio of $50 million from using everyday people’s money to buy and flip properties, he deserves to be held responsible for being that stupid.
This isn’t 1924 with two white guys opening up a hamburger stand with some cash from their uncle and turned into a billion dollar franchise
He’s stupid for even thinking a man who looks and acts like Cesar owned “3000 doors”.
I refuse to believe a grown man with a Hampton degree is THAT dumb. Envy caught wind of the scheme, realized he had money tied up and that he could get paid out first, which is why he got into promoting courses and pitching to his friends.
I personally believe he knew the scheme and wanted to be one of the few at the top of the pyramid who got paid
Bro just say you don’t know.
Joe budden was SPECIFICALLY known for having a real estate side hustle years ago. Back when a rapper having a side hustle was viewed as he was unsuccessful/broke
Unfortunately a search for ‘Joe budden real estate’ only pulls up the envy clip but I did find this:
Though he is thought of as one of rap’s most skilled lyricists, Budden’s success outside of the mixtape circuit has been marginal purposely. He is known to have invested in real estate in North Jersey and instead of blowing up into the rap scene he decided to make money from other methods.
Edit: what am I thinking I’ll just search this very community of hip hop heads to see what he was was ‘known for’
From 2016
Like bruh he was known for turning to real estate I thought that was common knowledge.That applies to you and I. You and I don’t know 3, 4millionaires we can call right now. At Envy’s level he’s not borrowing, he’s ‘getting partners’. So again, that part is not fraud nor does it make a ponzi scheme. What made it a ponzi scheme was intentional fraud, like promising non existence properties
JealousOnesEn_V
HTX Certified
Bro just say you don’t know.
Joe budden was SPECIFICALLY known for having a real estate side hustle years ago. Back when a rapper having a side hustle was viewed as he was unsuccessful/broke
Unfortunately a search for ‘Joe budden real estate’ only pulls up the envy clip but I did find this:
Though he is thought of as one of rap’s most skilled lyricists, Budden’s success outside of the mixtape circuit has been marginal purposely. He is known to have invested in real estate in North Jersey and instead of blowing up into the rap scene he decided to make money from other methods.
Edit: what am I thinking I’ll just search this very community of hip hop heads to see what he was was ‘known for’
From 2016
That applies to you and I. You and I don’t know 3, 4millionaires we can call right now. At Envy’s level he’s not borrowing, he’s ‘getting partners’. So again, that part is not fraud nor does it make a ponzi scheme. What made it a ponzi scheme was intentional fraud, like promising non existence properties
Joe doesn’t know anything about real estate and has never purchased properties until recently. Do you listen to the pod?? He has mentioned this multiple times.
He talks about being broke up until he turned 37 all the time too.
Joe Budden himself admitted he was broke all throughout the 2010s. He was broke during Love and Hip-Hop and the early podcast years.Bro just say you don’t know.
Joe budden was SPECIFICALLY known for having a real estate side hustle years ago. Back when a rapper having a side hustle was viewed as he was unsuccessful/broke
Unfortunately a search for ‘Joe budden real estate’ only pulls up the envy clip but I did find this:
Though he is thought of as one of rap’s most skilled lyricists, Budden’s success outside of the mixtape circuit has been marginal purposely. He is known to have invested in real estate in North Jersey and instead of blowing up into the rap scene he decided to make money from other methods.
Edit: what am I thinking I’ll just search this very community of hip hop heads to see what he was was ‘known for’
From 2016
That applies to you and I. You and I don’t know 3, 4millionaires we can call right now. At Envy’s level he’s not borrowing, he’s ‘getting partners’. So again, that part is not fraud nor does it make a ponzi scheme. What made it a ponzi scheme was intentional fraud, like promising non existence properties
I remember reading all of the “oh he’s into real estate” blah, blah, blah. It’s just not true. Tahiry was paying the bills for a long time and they both admitted that. Joe is clueless about real estate investing.
Envy was asking for investors, partners, whatever you want to call it because he wanted to get more money out the deal. By Envy’s own words, Cesar owed him money as well as other people, but Envy still actively recruited people to “invest” with him. That’s because he knew the only way to get his money out was to get other people’s in.
Do I think he knew out the gate it was some BS? No. Do I think he knew as time went on it was some BS? Yes.
Secure Da Bag
Veteran
Yee may have left TBC because Envy and Pun hustled Yee out of some real estate investment too.
In The Zone '98
Superstar
Speculation on top of Speculation.
She was the 3rd banana and left for a number one spot.
Ozymandeas
Veteran
Bro just say you don’t know.
Joe budden was SPECIFICALLY known for having a real estate side hustle years ago. Back when a rapper having a side hustle was viewed as he was unsuccessful/broke
Unfortunately a search for ‘Joe budden real estate’ only pulls up the envy clip but I did find this:
Though he is thought of as one of rap’s most skilled lyricists, Budden’s success outside of the mixtape circuit has been marginal purposely. He is known to have invested in real estate in North Jersey and instead of blowing up into the rap scene he decided to make money from other methods.
Edit: what am I thinking I’ll just search this very community of hip hop heads to see what he was was ‘known for’
From 2016
That applies to you and I. You and I don’t know 3, 4millionaires we can call right now. At Envy’s level he’s not borrowing, he’s ‘getting partners’. So again, that part is not fraud nor does it make a ponzi scheme. What made it a ponzi scheme was intentional fraud, like promising non existence properties
Investors get into syndication literally all the time. You put money into a “fund” for a group to buy properties and you’re entitled to a cut. The business logic is sound. Cesar was just stealing nikkas money.